Asian shares track Wall Street higher, Treasury yields near multi-decade highs
- SYDNEY: Asian stocks rose on Tuesday (Oct 6) after a tech-fuelled rally lifted the Nasdaq to a record close, with a retreat in oil prices offering further support even as longer-dated Treasury yields hovered near multi-decade highs.
- The euro languished near 17-month lows after briefly touching US$1.116 overnight, pressured by mounting fiscal concerns in France.
- Investors dumped French government bonds after an underwhelming budget, while political uncertainty deepened after Spanish Prime Minister Pedro Sanchez called a snap election.
Unverified
- SYDNEY: Asian stocks rose on Tuesday (Oct 6) after a tech-fuelled rally lifted the Nasdaq to a record close, with a retreat in oil prices offering further support even as longer-dated Treasury yields hovered near multi-decade highs.
- The euro languished near 17-month lows after briefly touching US$1.116 overnight, pressured by mounting fiscal concerns in France.
- Investors dumped French government bonds after an underwhelming budget, while political uncertainty deepened after Spanish Prime Minister Pedro Sanchez called a snap election.
Sources: CNA